Huge drop happening within 48 hours! (Update: BTC Price on Sept 5th)

[stompix]

I'm aint trying to defend OP but anyone can express out their speculation about on what would be the price but somehow we do see that OP is trying to make himself look popular basing on his inputs and guesses.

Yes, you are free to do your own speculation, you are free to claim you were right you are free to say almost anything around here.
The problems start when you claim you were right when in fact you weren't and the problems pile up when you start editing posts to make you look better.

OP nailed one thrid of his prediction, then raised the interval, got wrong even with the extended time, got wrong again on the second one, the third is pretty far off with 48 hours to go but the title is still "I was right" when in reality he got like one number out f 6 in the lottery...
If you want to be taken seriously you admit that you were wrong, if you just want attention over fake claims...you do what the OP does, but expect people to react the way they do.

Last 2 days after the final of your prediction so what if it doesn’t happen?

Nothing! Is not like he has made a bet on this with anybody!
Some guy made a series of predictions on a forum and got them wrong, it happend hundreds of times but the Earth is still rotating around(or aflat) the Sun.

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[DrBitcoin]

Because all I did is say “my gut says” xyz.
That said...I still think we’ll be at 8K by Sept 5th. But it’s looking a lot less likely.

It is free to express your views or opinions on forum, but you set very clear time intervals when something needs to happen. You were partly right with drop which was close to $1000, but still to far from $8k range. Then you add 48 hours more in an attempt to make something happen at that time interval, but you fail again. Finally you set the speculation that huge drop will happen "8200-8600 by 11:59PM sept 5", which should happen in the next two days.

The problem is not that you speculate about the price, but that you are trying to guess something that is almost impossible.

Ok. Sept 5th is not happening for 8K anymore.
But this 10,600 peak is yet ANOTHER lower high as we descend down from almost 14K.

I am fairly certain we will reach 8K soon. But at this point we are probably looking at another month or so.

To those saying “sub 10K bitcoin is over.” RUN!!! Those people are fools.

10,600 is just another lower high. And think our next move is back down to 10K and below.

[pooya87]

To those saying “sub 10K bitcoin is over.” RUN!!! Those people are fools.

sub $10k IS over.
but the thing is, in bitcoin market because the market itself is small and order books aren't that packed with buy or sell orders, a small manipulation and/or panic can pull the price lower than the strong support (being $10k). but since it is not real downtrend it won't be big or even last long. which is why it is said to be over.
basically at any time, fluctuations within 10% should be expected of bitcoin.

[EdenHazard]

48 hours have passed and we didnt had a "huge drop". Instead the price just touched the four digits area, providingr a new buying opportunity.

Give it some time. 48 hours was unrealistic to begin with. But the general idea ($8K range) is still possible, even likely. Higher time frames are clearly in a downtrend and we're only hovering a few hundred dollars above the July bottom. A general rule in trading is that if the market keeps hammering the same support (in this case the low $9,000s) over and over, it's likely to break.

This was a nice speculation and had he got this one right then, we would have made decisions based on his analysis as and when he would have provided them. It’s fair to say that the op is a bear trader who’s trying hard to convince us that $8k is coming, first it was 48 hours and now date has changed and it’ll continue to change. This post only proves one thing that no one can predict bitcoin prices, and one should always do their own research before buying or selling.

First of all yess thanks to op for sharing ...
Of course everyone shouldn't follow this kind prediction blindly not even from a well known analyst , but at least everyone can take some informations that you think it's matching with your data.

My personal opinion about the current market swing ... we are still in bearish and could possibly dropped to below $9,000 anytime soon before the end of this year.

The MA200 says it's at around $7,000 , i don't want this to be happened of course, everyone wanted a steady growth every years every months , but i don't want to be greedy either you can always just sit down and simply hold forevaaaa to avoid this complex market movement.

[Lucius]

I am fairly certain we will reach 8K soon. But at this point we are probably looking at another month or so.

10,600 is just another lower high. And think our next move is back down to 10K and below.

As I say before, your prediction is nothing more then repetition of identical events which we have seen several times in the past 3 months.

 - Jul 16, 2019 : $10,996.63 ->   Jul 17, 2019 : $9,163.13
 - Jul 23, 2019 :$10,346.75  ->   Jul 24, 2019 : $9,614.31
 - Aug 27, 2019 : $10,381.33 -> Aug 29, 2019 : $9,421.63

https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20190604&end=20190904

What you are saying is that $9000 level will be broken, and that we will see maybe even $5000 in next few months. But you forget that we are approaching the time of year when Bitcoin generally has the best results, and that summer on the northern hemisphere is slowly ending ( more people will pay attention to crypto).

You can extend your prediction on one more month or maybe two, but it has nothing to do with anything relevant, it's just blind-guessing.

[sana54210]

OP was right on his first prediction but he was right like on the last seconds of it, now he said 5th of September and we are still far away from it, maybe right on the nose at the 5th of September it will fall again, we can't know that, we have to wait and see how it does. Dude even said maybe price will go up in Sunday before it falls and it did exactly that (maybe went over a bit to Monday) so I think he is still doing fine.

In order for me to say that this dude has been proven wrong the price has to be over 9k by the 6th of September, if the fall doesn't happen than I will say he was wrong. There are plenty of people who got it right just once, we need people who get it right all the time (or mostly) and I hope OP is that person but if not well I have not put my money in anywhere he suggested so I will be fine.

[DrBitcoin]

To those saying “sub 10K bitcoin is over.” RUN!!! Those people are fools.

sub $10k IS over.
but the thing is, in bitcoin market because the market itself is small and order books aren't that packed with buy or sell orders, a small manipulation and/or panic can pull the price lower than the strong support (being $10k). but since it is not real downtrend it won't be big or even last long. which is why it is said to be over.
basically at any time, fluctuations within 10% should be expected of bitcoin.

Not a chance!! I’ve been in this game since 2014. I’ll agree sub 10K is over when we reach 30K. But we went from 20K down to 3K. Anyone who thinks sub 10K is over when bitcoin is only at 10.5K is INSANE. I BELIEVE we will see BTC at 6K again at some point. 

[DrBitcoin]

OP was right on his first prediction but he was right like on the last seconds of it, now he said 5th of September and we are still far away from it, maybe right on the nose at the 5th of September it will fall again, we can't know that, we have to wait and see how it does. Dude even said maybe price will go up in Sunday before it falls and it did exactly that (maybe went over a bit to Monday) so I think he is still doing fine.

In order for me to say that this dude has been proven wrong the price has to be over 9k by the 6th of September, if the fall doesn't happen than I will say he was wrong. There are plenty of people who got it right just once, we need people who get it right all the time (or mostly) and I hope OP is that person but if not well I have not put my money in anywhere he suggested so I will be fine.

I still believe BTCs next move is down. But I think 8K by Dec 5th looks EXTREMELY unlikely now that we are at 10.5K.

We will hit 8K, but I think at this point we will see something like 10.5K —> 10K first.

One thing I feel strongly about is we are NOT mooning until we hit 8K and below first. This bump to 10.5K is a slight rise on the way down in the short term.

[stompix]

I still believe BTCs next move is down. But I think 8K by Dec 5th looks EXTREMELY unlikely now that we are at 10.5K.
We will hit 8K, but I think at this point we will see something like 10.5K —> 10K first.

That was supposed to be September, right?

OP was right on his first prediction but he was right like on the last seconds of it, now he said 5th of September and we are still far away from it, maybe right on the nose at the 5th of September it will fall again, we can't know that we have to wait and see how it does.

He was 1/3 right only on the first and other than that September 5th is just around the corner, and nowhere near what you usually call "far away".

As I say before, your prediction is nothing more then repetition of identical events which we have seen several times in the past 3 months.

 - Jul 16, 2019 : $10,996.63 ->   Jul 17, 2019 : $9,163.13
 - Jul 23, 2019 :$10,346.75  ->   Jul 24, 2019 : $9,614.31
 - Aug 27, 2019 : $10,381.33 -> Aug 29, 2019 : $9,421.63

That's some nice data, makes me think that is not a case about a wrong clock being right at least once a day and more a case of anticipating that this month it's going to rain at least once. Anyhow, I think this topic got far more attention than it deserved so it's off my watchlist. Of course, I'll come back for the "mea culpa" in case what I see now as impossible happens.

[TIDOVEE]

08.24.19
Current price: $10,162
Prediction: huge correction within 48 hours (8K range)

I’ve been into BTC since 2014, and I am NOT a trader. I can read the charts somewhat. Every analyst is pointing out right now that there is a descending wedge, coiling price, and dropping volume. They are also claiming a symmetrical triangle. A lot of them are expecting a break to the upside because we are technically in a “bull market.”

I firmly disagree. The sentiment right now is a little negative. After this huge run up I expect a break down to like 8K or lower.

I could be wrong, I hope I’m wrong. And I’m not willing to sell any bitcoin and take a chance.

But I think I’m right! (Let’s see if this ages well?)

UPDATE 08.29.19
Ok, so I got the time frame, and direction...but it got to 9400, didn’t quite get to the 8000k range.

NEXT PREDICTION: By September 5th...bitcoin will be between 8200-8600 range. I know it’s a big range. But that’s still a huge drop from here.

(We will likely get close to 10K first. Possibly tomorrow or Saturday. May even get slightly over. But than crash down to 8200-8600 by 11:59PM sept 5)

Well, if your prediction is right, we will hear you more, but it is Almost the predicted time and we are not anywhere close to 8k unfortunately you are clearly wrong if only you can hit it overnight, I suggest you carefully repredict and add more time range.

[DrBitcoin]

08.24.19
Current price: $10,162
Prediction: huge correction within 48 hours (8K range)

I’ve been into BTC since 2014, and I am NOT a trader. I can read the charts somewhat. Every analyst is pointing out right now that there is a descending wedge, coiling price, and dropping volume. They are also claiming a symmetrical triangle. A lot of them are expecting a break to the upside because we are technically in a “bull market.”

I firmly disagree. The sentiment right now is a little negative. After this huge run up I expect a break down to like 8K or lower.

I could be wrong, I hope I’m wrong. And I’m not willing to sell any bitcoin and take a chance.

But I think I’m right! (Let’s see if this ages well?)

UPDATE 08.29.19
Ok, so I got the time frame, and direction...but it got to 9400, didn’t quite get to the 8000k range.

NEXT PREDICTION: By September 5th...bitcoin will be between 8200-8600 range. I know it’s a big range. But that’s still a huge drop from here.

(We will likely get close to 10K first. Possibly tomorrow or Saturday. May even get slightly over. But than crash down to 8200-8600 by 11:59PM sept 5)

Well, if your prediction is right, we will hear you more, but it is Almost the predicted time and we are not anywhere close to 8k unfortunately you are clearly wrong if only you can hit it overnight, I suggest you carefully repredict and add more time range.

Why? So I can be like every other analyst who makes vague predictions. I’d rather predict and be wrong than be vague 100% of the time.

Bitcoin will hit 8K very soon. But not by sept 5th. I was wrong about the second prediction. See my new thread

[guoyu78]

Because all I did is say “my gut says” xyz.
That said...I still think we’ll be at 8K by Sept 5th. But it’s looking a lot less likely.

It is free to express your views or opinions on forum, but you set very clear time intervals when something needs to happen. You were partly right with drop which was close to $1000, but still to far from $8k range. Then you add 48 hours more in an attempt to make something happen at that time interval, but you fail again. Finally you set the speculation that huge drop will happen "8200-8600 by 11:59PM sept 5", which should happen in the next two days.

The problem is not that you speculate about the price, but that you are trying to guess something that is almost impossible.

It is a speculative market you know and I think if you Didn’t agree with the speculation of op, all you could just do is come up with your own speculation and let’s be the one to decide for our self internally and know which one to follow. No one is dull too here, whatever the op has said is based on his own opinion and his own research, which that is what his own research gave him, it is left to us to do our own research and then see what we will get.

The next 2 days is already here and you might never know what will happen. If I were you, I would not be too quick to condemn the analysis or judge the op, but would rather give him the benefit of doubt since it was just few days for us to know if the op is really a pro analyst or trader.

[FanEagle]

It is 5th of September not 5th of December, I think it would be quite possible to hit 8k by 5th of December, I am not saying on the clock but until than it could happen anywhere in between. However, we are literally left with just 24 hours to go and there seems to be no drop in sight. It could maybe drop again like it did last time which was as low as 9.4k as low as I remember but aside from that it won't drop under anything 9k for sure. Now I can't guarantee it, it could still happen but the odds of it is quite low right now if you ask me.

Of course, some crazy big whale could come up and sell thousands of bitcoin all at once somewhere and drop the price but that wouldn't matter to charts and would be something unexpected for all of us so I can easily say the second guess will be wrong.

[exstasie]

One thing I feel strongly about is we are NOT mooning until we hit 8K and below first.

In my younger days as a trader, I used to think like that. The truth is the market doesn't need to hit any price for a correction to be complete.

There are price corrections and time corrections. The second group are characterized by shallow, sideways, flag-like patterns. We've already retraced about 45% of 2019's gains. 50% or 61.8% would be typical, but maybe this is all we get.